A larger channel can be drawn against the two tops straight to the lows
ETH has currently formed a bullflag and is looking to breakout of its current structure and move up further into the up channel
We will see growth.
Ethereum is still in its uptrend channel on the daily and weekly timeframe after previously rebounding from its lower channel, support and demand zone at bottom of 1k.
Next target if the resistance and supply zone at area 2k break and with a close above, is at the resistance and supply zone at mid 3k.
Binance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”.
This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week.
Binance is responsible for 61.8% of the global crypto trading. Its...
💥 ETHUSD 4H-TIMEFRAME ANALYSIS
💗Hello ladies and gentlemen
This is my new idea for 💥ETHUSDT ETHBUSD
I hope my idea is clear
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Stay Safe💯💲💲💲
Good luck💰😍
What Happened This Week? Bitcoin $BTC and ether $ETH hit 2023 highs this week, as the Fed raised interest rates but signaled a coming pause given continued banking woes.
Takeaways: Banking woes continued as UBS bought rival Swiss bank Credit Suisse to stem a brewing crisis. In a coordinated action, the Federal Reserve and other central banks increased...
The global idea for ETHUSDT that we published more than a month ago is still relevant and is being developed well.
The ETHUSD price has entered the $1750-2000 liquidity zone and the process of "braking" growth has begun. It seems that it is still not strong enough to break above $2000, and a correction is needed.
If during the correction, ETH buyers manage to...
Update on my Ethereum traffic light scenario🚦
🔴Bearish phase
TKD indicator turned red
🟡ETH accumulation phase
TKD indicator forms a top
🟢Bullish phase
TKD indicator turned green - seems only a question of time - short time❓
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your...
- Sometimes the lines we see are unclear and difficult to understand.
- Trading is some kind of art where u are trying to paint the future.
- No one is born a great trader, one learns by trading.
Happy Tr4Ding !
It seems very soon we will witness something very interesting.
Here are the prerequisites:
1 - it exits the multi-year triangle;
2 - a huge bowl in which the handle should be drawn;
3 - ETC is the original network from which the story began Ether.
It does not constitute investment or financial advice.
Do your own research.
If you agree with this idea, please...
Today let's take a closer look at Ethereum in the weekly time frame. Do you see similar movements❗️❓
As you know, the price movement depends to some extent on the previous movements, so if we want to compare the previous 6 movements of Ethereum in the first correction phase with the current 6 movements, We should look for evidence and similar movements.🔎🔍
⚖️...
Anything that follows is not to be taken as financial advice.
This is the Binance weekly chart for ETHBTC, with a single indicator loaded on: the Bollinger Bands Width Percentile.
The BBWP is a volatility indicator that measures whether or not we should be looking for the price action of the examined asset to contract or expand in relation to its own past...
ETHUSDT Technical analysis update.
ETH currently trading at $1680, ETH formed a triangle pattern in the day chart if the price breaks the triangle resistance line then we can expect a good up move. before the breakout, we can expect a consolation between 1600 to 1700 level.
Buy zone: Below $1690
Stop loss : $1560
Take Profit 1 : $1780
Take Profit 2 :...
Hey traders,
Quick update from my previous Ethereum read, it looks like the move is playing out exactly how we expected it to and we are on target for $1,287, or the bottom of the accumulation zone marked in green on my chart.
We saw the short opportunity at $1,645 and then now we’re seeing the quick drawdown out of the distribution zone and back to the...
Currently, Ethereum is moving in the Price Reversal Zone (PRZ), so it is better to get to know the quality and power of PRZ to answer the question of the title of this post.
What factors does the PRZ for Ethereum include in the daily time frame❓ (The higher the number of overlapping factors ⏩⏩⏩The strength and quality of the PRZ or resistance/support zone is...
ETH has been holding much better than bitcoin. It has also bounced much more than BTC.
We expect that ETH will ´catch up´ and it will drop more if the sentiment overall remains bearish.
It wouldn´t be surprising if we see a strong FUD regarding ETH which would cause a stronger price drop.
ETH real capitulation most likely would cause a huge dump in the whole...
The Finance Stability Board said today that many stablecoins won`t meet the requirements stipulated in its recommendations for cryptocurrency asset regulation.
This could have have ripple effects in the entire crypto industry!
My price targets for Ethereum ETH are:
ETH/USDT short
Entry Range: $1650 - 1750
Take Profit 1: $1550
Take Profit 2: $1490
Take Profit 3:...
Potential ETH Recovery idealized through previous pattern similarity illustrated on logarithmic charts. Most accurate on 1W+ timeframes. Correlates with possible BTC recovery.
